All Defined contribution articles – Page 12
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NewsThe importance of DC default strategies
Four in five defined contribution pension savers will wait until five years out from retirement to engage – and in many cases, much later.
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OpinionHow the pensions industry can better support people with mental health problems
During this Mental Health Awareness Week, Conor D’Arcy of the Money and Mental Health Policy Institute explains how to help address the problems faced by those with mental health problems when it comes to pension saving.
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NewsDashboard costs rose by 23% in 2023, figures show
The estimated cost of the Pensions Dashboard Programme reached £289m in 2023, according to the National Audit Office (NAO), up from an initial estimate of £235m in 2020.
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NewsBorder to Coast bags two awards at Investment Innovation Summit
Other winners of Innovation Awards include Scottish Widows, Clara Pensions, Penny and Cardano.
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NewsTPR: Time is running out to clean up your data
The Pension Regulator (TPR) has warned scheme administrators to make sure they deal with any data issues during the Pensions Administration Standards Association (PASA) conference in the City of London this week.
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OpinionFinancial wellbeing needs a health warning
Workplace financial wellbeing programmes are important. But they’re also risky and difficult to get right. Why is that, and what can employers do to get it right?
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NewsWTW urges higher default contribution levels to boost saving
Higher default contributions, more decumulation options and appropriate investment strategies should all help improve pension adequacy, WTW says.
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NewsAuto-enrolment contributions boost ‘could add £10bn a year’
Research by Phoenix Group claims raising contributions to 12% could mean almost £96,000 more in the pension pot for an 18-year-old when they retire.
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FeaturesDC consolidation: A complex picture
With the government – and the opposition – set on consolidating defined contribution schemes, Pensions Expert explores some of the complicating factors that have yet to be addressed.
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NewsWhat we learned from the FCA’s retirement data
Pensions Expert delves into the numbers released by the regulator this week to explore what they say – and what they don’t – about the UK’s retirement landscape.
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News‘Capacity crunch’ risk as schemes failing to plan for dashboards
Less than half of pension schemes have a plan for connecting to the pension dashboard system, according to a poll from LCP.
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NewsWhy consumer confidence could undermine pots for life
Research by Barnett Waddingham has shown consumers to be keen on the government’s pots for life concept – but a lack of confidence in decision-making could hamper its success.
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NewsLifeSight to back private equity LTAF launch
The LifeSight master trust is to invest up to 5% of its default option into a new private equity-focused long-term asset fund (LTAF) soon to be launched by WTW.
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NewsCall for ban on cash incentives for pension switching
Pension providers should be banned from giving individuals cash incentives to switch to them, according to the People’s Partnership.
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NewsInterview: First Actuarial’s Hilary Salt on her CDC ‘legacy’
Pensions industry veteran Hilary Salt played a pivotal role shaping the UK’s first collective defined contribution scheme, but regulatory hurdles continue to delay its opening.
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OpinionUncovering a household’s saving journey to retirement
The reality of an individual’s savings journey is often more nuanced than existing benchmarks allow for, says Phoenix Insights’ Patrick Thomson.
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OpinionEditor’s column: Innovate to communicate
Putting information into the public sphere isn’t the same as communicating. As an industry, we should think differently to make sure members understand what we’re telling them.
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NewsPot for life could threaten auto-enrolment success, warns ABI
Employer survey shows companies are concerned about the potential negative impact on staff pension outcomes.
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OpinionRedrawing the line between advice and guidance
With the advice-guidance boundary consultation closed, the ball is back in the policymakers’ court to decide which proposals to take forward, writes the SPP’s Premlata Fagan.
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NewsDWP confirms timeline for dashboard connectivity
The Department for Work and Pensions (DWP) has set out the deadlines for pension schemes and providers to connect to the pension dashboard ecosystem, beginning from next April.